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Balance sheet

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 October 2013 why losses are shown in asset side???
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
19 October 2013 It is in the nature of application of funds. hence appearing in the asset side. but present companies act schedule, loss need to be adjusted with the reserves and surplus and need to show net amount

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